XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans, including fees $ 26,855 $ 23,034
Investment securities:    
Taxable 2,651 2,457
Tax-exempt 109 101
Dividends 74 17
Other 155 684
Total interest income 29,844 26,293
Interest expense    
Deposits 10,738 5,137
Federal funds purchased and other short-term borrowings 878 38
Long-term debt and junior subordinated debt 217 194
Subordinated notes 369 369
Total interest expense 12,202 5,738
Net interest income 17,642 20,555
Provision for credit losses on loans 891 492
(Recovery of) provision for credit losses - unfunded commitments (775) 246
Net interest income after provision for credit losses 17,526 19,817
Noninterest income    
Trust and investment services fees 1,421 1,202
Income from mutual fund, annuity and insurance sales 314 369
Service charges on deposit accounts 1,455 1,485
Income from bank owned life insurance 414 322
Other income 467 862
Gain on sales of loans held for sale 105 10
Gain on sales of assets held for sale 0 118
Loss on sales of securities 0 (388)
Total noninterest income 4,176 3,980
Noninterest expense    
Personnel 9,879 9,042
Occupancy of premises, net 894 978
Furniture and equipment 828 838
Professional and legal 283 467
Marketing 312 276
FDIC insurance 246 250
Debit card processing 470 478
External data processing 1,111 1,010
Merger related expenses 118 0
Committee & director fees 320 358
PA shares tax 363 343
Impaired (recovery of) loan carrying costs 74 (98)
Other 1,363 869
Total noninterest expense 16,261 14,811
Income before income taxes 5,441 8,986
Provision for income taxes 1,186 1,994
Net income $ 4,255 $ 6,992
Net income per share, basic $ 0.44 $ 0.73
Net income per share, diluted $ 0.44 $ 0.73